Banks could help Revenue produce easy to follow forms
Banks with internet services are set to be approached by the Inland Revenue for advice on how it could provide more concise tax forms online.
Nich Montagu, chairman of the Revenu’s board,revealed that he is seeking to simplify the increasingly complex nature of the self-assessment system.
Speaking in the press he said: The simplification has got to be pretty relentless.’
He added: ‘We have already improved the self-assessment form but it is still quite complex.’
A guide to self-assessment has doubled in size over the past year, a growth that has aggravated professionals who see the associated paperwork as excessively time consuming and confusing.
Montagu said the streamlining of forms was in the planning stages with an emphasis on providing just the minimum amount of required information.